Overview
- Home Depot reported on Tuesday adjusted earnings per share of $4.92 and revenue of $47.86 billion, both above Wall Street expectations.
- The company kept its full‑year fiscal 2026 outlook in place, forecasting total sales growth of about 2.5% to 4.5% and comparable sales flat to up 2%.
- Management disclosed $730 million in tariff refunds for the quarter with about $685 million reducing cost of goods sold, a one‑time boost that helped margins while fuel and input costs remain elevated.
- Demand in the quarter was concentrated in smaller repair‑and‑maintenance projects and stronger pro customer activity, with 13 of 16 merchandising departments posting positive comps and online sales remaining a growth channel.
- CEO Ted Decker is on a temporary medical leave with CFO Richard McPhail and Ann‑Marie Campbell running day‑to‑day operations, shares ticked up modestly after the report, and investors are watching rival Lowe's next report for a broader read on the market.